<h1>Monetary Policy Committee keeps repo rate at 6.0% and maintains neutral stance amid rising oil and input cost risks.</h1> Under Section 45ZL of the Reserve Bank of India Act, 1934, the MPC published minutes of its December 5-6, 2017 meeting recording that it kept the policy repo rate unchanged at 6.0% and maintained a neutral stance. The decision was based on an assessment of global and domestic developments-rising crude and commodity prices, mixed domestic growth signals with an industrial pickup, volatile food and housing inflation, firming inflation expectations, and declining surplus liquidity managed through market operations. The MPC retained the 2017-18 GVA projection at 6.7% with risks evenly balanced.